Bought with Realty One of New Mexico
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Key Details
Sold Price $570,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,416 sqft
Price per Sqft $166
Subdivision Amended Plat Of Torr Addn
MLS Listing ID 1096690
Sold Date 04/06/26
Bedrooms 2
Construction Status Resale
HOA Y/N No
Year Built 1985
Annual Tax Amount $3,109
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions Public Records
Property Sub-Type Quadruplex
Property Description
Located at 3611 Tyson NE, this fourplex has spacious two bedroom, one bathroom units with fireplaces and a common area laundryThis fourplex and the larger portfolio is offered at the value of recent appraisals and is an amazing opportunity to invest in a growing economy.At the ask price $570,000 and of based on the current average rents of $1,393 per month, the property's measures of investment performance include a 8.53 GRM, 6.84% cap rate before reserves, before tax IRR of 15.1% and an after-tax IRR of 12.9%. If rents were raised to market average of $1,500, and even with a potential twofold increase in property taxes in 2027-2028.
Location
State NM
County Bernalillo
Area 41 - Uptown
Interior
Heating Central, Forced Air
Cooling Evaporative Cooling
Flooring Carpet, Tile
Fireplace No
Appliance Refrigerator
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Resale
Others
Tax ID 101606048819141008
Acceptable Financing Cash, Conventional, FHA, VA Loan
Green/Energy Cert None
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
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